Cramer on BloggingStocks: This market's winners

Jim Cramer — Fri, 27 Jun 2008 18:16:00 EST

Filed under: General Motors (GM), Market Matters, Citigroup Inc. (C), Merrill Lynch (MER), Federal Natl Mtge (FNM), Bargain Stocks, Oil, Stocks to Buy, Cramer on BloggingStocks

From TheStreet.com Network

TheStreet.com's Jim Cramer says forget calling a financial bottom -- everything you need is right in front of you.

Do you think this week will finally end the oil inventory nonsense? Do you think this week could be the breakout where oil doesn't trade on the slight build or the "heavier than expected" chatter?

I sure hope so.

Yesterday was a horrible market, but midday, when the market was really beginning to roll over, the whole complex turned. This was quite an achievement given the overwhelming collapse of the futures and the propensity of the bears to push things down.

Today with the futures breaching $140 -- remember, I think they're on the way to $150 -- we can see the error of relying on these numbers, which I have said for years now are meaningless. Witness how many times the inventories have been more full than expected and yet oil has doubled.

I want to go back to the cheaper-than-oil stocks, though. Natural gas. Oil has to go down $65 to get to where natural gas is right now. Meaning that historically oil trades at six times the price of natural gas. So natural gas -- forget the season, which is supposed to be bad for nat gas -- needs to come higher.

Much higher.

Continue reading Cramer on BloggingStocks: This market's winners

Cramer on BloggingStocks: This market's winners originally appeared on BloggingStocks on Fri, 27 Jun 2008 18:16:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Cramer on BloggingStocks: Nat gas dip was profit-taking, nothing more

Jim Cramer — Mon, 28 Apr 2008 09:05:00 EST

Filed under: Market Matters, Chesapeake Energy (CHK), Wrigley, (Wm) Jr (WWY), Anadarko Petroleum (APC), Oil, Stocks to Buy, Cramer on BloggingStocks

TheStreet.com's Jim Cramer says it's not a strong-dollar sell -- the story here is still too good.

Why did natural gas go down last week? What was that? Inventories were down. The commodity price was up. The fuel itself is green. It is better than ethanol and it is being used to fuel an increasing numbers of cars and trucks.

The whole move down had to have been triggered by something, right? Yeah, how about the fact that the stocks were up a lot and were due for some profit-taking.

Recall that the real "reason" they went down is that the dollar "got strong," and that was supposed to trigger commodity deflation; natural gas is a commodity and is therefore going to go down. (Barron's made this very case this weekend, oblivious to the facts, but loving the theory.)

This kind of thinking is just so stupid that it shows you can get chance after chance after chance to own the fuel that can take care of the nation if we just let it. Of course, the stocks began to come back later in the week as threats of supply cut-offs of crude -- they came true this weekend -- made natural gas declines virtually impossible, despite the "sense" that it peaked. So the money has came back and I believe will continue to come back.

Continue reading Cramer on BloggingStocks: Nat gas dip was profit-taking, nothing more

Cramer on BloggingStocks: Nat gas dip was profit-taking, nothing more originally appeared on BloggingStocks on Mon, 28 Apr 2008 09:05:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments